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Capital gains is 20% federal plus state (13% in California) But long term capital gains are not indexed to inflation, so the effective rate is higher for long-
by masonic 6y ago
Capital gains is 20% federal plus state (13% in California)
But long term capital gains are not indexed to inflation, so the effective rate is higher for long-held appreciated assets... like real estate. This is part of why turnover of real estate is suppressed in high appreciation areas, even outside of CA.